Mauricio Pochettino has signed a new five-year deal worth £42.5m after receiving the green light for a summer of spending.

The Argentinean will now step up plans to land Manchester United forward Anthony Martial, Ajax centre-back Matthijs de Ligt and Fulham's rising-star wide-man Ryan Sessegnon.

Tottenham boss Pochettino who has led Spurs into three successive Champions League campaigns, said: “I am honoured to have signed a new long-term contract as we approach one of the most significant periods in the club's history and be the manager that will lead this team into our new world-class stadium.”

Tottenham have locked Pochettino down with a bumper five-year contract (Image: Offside/Getty)

The 46-year-old, whose coaching staff have also signed new deals, had sparked concerns over his future after ending the season with an epic 5-4 win over Leicester.

He questioned the ambition of Levy and owner Joe Lewis, but Thursday's new deal ends fears among Spurs fans that the man who has transformed their club could defect to a European rival.

France international Martial is expected to leave Manchester United after a difficult season (Image: PA)

Pochettino is now set to perform significant surgery this summer to raise funds and reshape his squad in readiness for Tottenham's move into their new stadium next season.

He added: “Daniel and I have spoken at length about our aspirations for this football club.

“We both share the same philosophies to achieve long-term, sustainable success.

Sessegnon, who just turned 18, has scored 15 league goals for Fulham this season (Image: PA)

Highly-rated De Ligt is also 18, and already a full Netherlands international (Image: PA Wire)

“This is a special club - we always strive to be creative in the way we work both on and off the pitch and will continue to stick to our principles in order to achieve the success this club deserves.”

As we revealed yesterday, Manchester United have made an approach for star defender Toby Alderweireld, with the Londoners willing to listen to offers.

Read More

Pochettino's new deal puts him among the best paid managers in the Premier League, but still some way behind Manchester City boss Pep Guardiola who recently signed a new three-year deal worth up to £20m a year with bonuses.